Saudi Arabia’s non-oil economy maintains growth as PMI hits 56.6%: S&P

RIYADH: Saudi Arabia continues to maintain ongoing expansion in its non-oil economy as both of its key indicators — output and new orders — recorded gains, registering the Kingdom’s Purchasing Managers’ Index at 56.6 in September, the latest data from S&P Global revealed.

Although down on August’s 57.7, Saudi Arabia managed to maintain this growth for the 25th successive month as the Kingdom steadily progresses in its journey to diversify its economy in line with Vision 2030.